Recent labour market statistics from the Office for National Statistics (ONS) have revealed a mixed picture for Scotland's workforce. For the period between May to July 2023, the employment rate in Scotland increased by 0.5 percentage points to 75.1%, while the unemployment rate rose to 4.3%, up by
Fraser Of Allander Institute
Most Scottish businesses believe the Scottish Government is out of touch with the business community, according to the latest Fraser of Allander Institute Scottish Business Monitor (SBM) report. Just 9% of firms agree that the Scottish Government understands the business environment in Scotland, com
The Scottish economy has shown surprising resilience in 2023, outperforming expectations by avoiding a predicted shallow recession, according to a quarterly economic commentary published by the University of Strathclyde's Fraser of Allander Institute. Supported by Deloitte, the report provides an in
A comprehensive report has been issued by International Scotland, a consortium led by law firm CMS and the Fraser of Allander Institute, urging the Scottish Government to take immediate action to stimulate economic growth. The report outlines several key business sectors including sustainable touris
Scottish business sentiment has reached its highest level since 2021, according to the latest Addleshaw Goddard Scottish Business Monitor report. Despite the majority of firms expecting weak growth, nearly all sectors reported an improvement in business volume in the most recent quarter. With energy
Fraser of Allander Institute has forecast a -0.7% contraction in the Scottish economy in 2023, returning to 0.9% annual growth in 2024. Uncertainties have increased due to concerns in global financial system and persistently high inflation. Lack of clarity on annual impacts on Scottish Budget and UK
New data has shown Scotland is making some progress, but still falling short on leading indicators of productivity. Looking at key productivity indicators including business investment, job vacancies and sick leave, the fourth annual edition of the CBI-KPMG Scottish Productivity Index meas
Business investment in Scotland has lagged for the majority of the past decade and could have detrimental impact on productivity and longer-term economic growth, a new report has warned. Launched in 1998 and now in its 25th year, the Scottish Business Monitor is compiled by the Fraser of A
Scotland’s economy will contract throughout most of 2023, researchers at the Fraser of Allander Institute have revealed. In the Deloitte-sponsored economic commentary published today, the Strathclyde researchers have set out their new forecasts for the Scottish Economy.
The cost of doing business crisis remains the overriding concern for Scottish firms according to the latest Addleshaw Goddard Scottish Business Monitor report, which showed a glimmer of hope with overall business sentiment returning to positive territory after slipping into the red last year. Produc
The latest findings from a Scottish business survey by the Scottish Chambers of Commerce (SCC) has revealed that Scottish businesses and the economy are faltering under increasing cost pressures and declining business confidence. As a result, cashflow and profits are falling, investment decisions ha
A new report has said the outlook for Scotland’s budget in 2023-24 has become more challenging due to factors wholly outwith the control of the Scottish Government, but there are decisions that Deputy First Minister John Swinney can make to ease the path ahead for Scotland. In its pre-budget r
A total of 45% of Scotland's wealth is held by 10% of households, whilst a tenth of households have no, or negative wealth, according to a new report from the Fraser of Allander Institute (FAI). The report, carried out by the institute, which is part of the University of Strathclyde, explores trends
Law firm CMS and the Fraser of Allander Institute has launched a new campaign aimed at bringing together Scotland’s business community, government and policy groups to maximise the nation’s economic growth potential. The International Scotland initiative begins with today’s release
Business sentiment in Scotland has entered negative territory for the first time since the end of 2020 according to the latest Addleshaw Goddard Scottish Business Monitor report, with 70% of businesses expecting growth in the Scottish economy to be weak or very weak over the coming year. The report,